Mr. Ren Huiliang, Chief Executive Officer of NextMart Inc commented, "We take this opportunity to thank Mr. Beach and Mr. Yu for their unwavering support of the Company during their respective tenures. Both individuals have strengthened the company through their insight and initiative, and we wish them well with their future endeavors.
At the same time, we are delighted to welcome on board Mr. Tao and Mr. Li. We believe both of these well-respected business professionals will be valuable assets to the Company as we focus on direct sales of women's apparel in China in 2008."